Stock market today: Live updates

The S&P 500 rose on Tuesday, boosted by Palantir Technologies and a bounce in gold and silver, after U.S. equities posted a strong start to the new trading month.

The broad market index traded 0.1% higher, while the Nasdaq Composite advanced 0.4%. The Dow Jones Industrial Average hovered around the flatline.

Shares of Palantir jumped 10% after the defense tech company gave strong fourth-quarter financial results and upbeat guidance. Additionally, robotics play Teradyne popped 6% after posting a solid outlook for the first quarter, calling for revenue that surpassed expectations. Elsewhere in tech, shares of Alphabet were 1% higher ahead of its earnings results Wednesday.

Silver and gold prices rebounded Tuesday after settling lower on Monday, with spot gold up 5% and spot silver up 9% on the day. Alongside the two metals coming under pressure in the prior day, bitcoin dropped to its lowest level since April, signaling investors’ decreasing appetite for risk. Gold and silver had also sold off hard on Friday.

Investors this week are digesting more than 100 S&P 500 companies reporting earnings results. In addition to Alphabet, fellow “Magnificent Seven” giant Amazon is slated to report later this week. Tech earnings will be in focus as investors look for signs of AI-driven efficiency and profit growth, particularly after the market’s unforgiving reaction to Microsoft’s results last week.

“The themes that have been driving risk assets higher — the Federal Reserve obviously not tightening rates, probably reducing rates a little bit more this year, the strong economy and profit backdrop and the tariff story not getting worse … you still have those tailwinds in place,” Solus Alternative Asset Management strategist Dan Greenhaus said Monday on CNBC’s “Closing Bell.” “The AI story is still driving markets.”

“I think when you put all of that together, you might get a little more volatile in February, but what’s driving the market is still there,” Greenhaus added.